Ray Dombrowski
Managing Director
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Senior Restructuring Professional with more than 20 years of experience as CEO and CRO
Long, consistent track record of delivering superior results in difficult situations
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Ray Dombrowski is a Managing Director with Alvarez & Marsal in New York. He specializes in assisting corporations in developing and implementing financial turnaround strategies.

With more than 20 years of financial restructuring experience, he has served in interim Chief Executive Officer, Chief Financial Officer and Chief Restructuring Officer roles, as well as an adviser to large and mid-size companies both in and out of bankruptcy.

Mr. Dombrowski brings expertise across a wide range of industries, including energy, telecommunications, financial services, transportation, real estate and entertainment. Clients have included: SIRVA, SLI, Allegheny Energy, VecTour, APW, Verestar, Great Basin Gold, Oxford Resources, OW Bunker, Horizon Lines, Maritime Equity Partners, Marchon Eyeware and the Unsecured Creditors Committee of Kodak.

He previously served as CRO of Chemtura, a $3 billion specialty chemical company, which successfully emerged from bankruptcy after paying all creditors in full, along with providing a return to the pre-petition equity. For his work there, he was the 2011 recipient of the Turnaround Management Association's Turnaround of the Year-Mega Company Award.

Recently, as CRO of MEPCO, Mr. Dombrowski led a restructuring effort that reduced production costs of its coal mining operation by $11 per ton, increasing EBITDA by more than $25 million. As CRO of Patriot Coal, he led its successful emergence from bankruptcy, preserving nearly all jobs and providing for full environmental restoration through two landmark transactions, for which he was recognized by the TMA with its Mega Transaction of the Year in 2016.

Mr. Dombrowski also assists private equity (PE) firms, particularly in shipping and transportation, with due diligence, integration and profit-improvement activities. He led select finance operations for a PE sponsor of a $1.2 billion energy-related concern. Within nine months, he achieved $100 million in working capital improvements, reduced the company's leverage from 5.5:1 to 3.5:1, installed all Treasury policies and supported a highly successful initial public offering.

Before A&M, Mr. Dombrowski served as SVP and CFO of Ogden Corp., leading the successful restructuring of the $3 billion conglomerate. Previously, he served as a senior executive with Bell Atlantic, responsible for its $10 billion leasing, finance and real estate businesses and its structured finance.

Mr. Dombrowski earned a bachelor's degree with honors from the U.S. Merchant Marine Academy, as well as a J.D. with honors and an LL.M. in taxation from Temple University. He is a frequent lecturer on operational restructuring issues. He currently serves as the head of training and development for A&M’s North American Commercial Restructuring Practice.​